Rs 1 crore in demonetised currency seized, six arrested

August 19, 2017, 11:44 PM IST

An Indian vendor displays wallets made from replica prints of the demonetised 500 and 1000 INR currency notes prints for sale at a stall in Mumbai on November 22, 2016.
India's Prime Minister Narendra Modi announced on November 8 that that 500 and 1,000 rupee ($7.50, $15) bills -- 85 percent of the cash in circulation -- would cease to be legal tender in a crackdown on fraud and tax evasion. The move -- which saw the notes withdrawn from circulation just hours after the announcement -- was initially welcomed, but frustrations have mounted in the largely cash-reliant country where millions have been left without enough to cover their daily needs.
/ AFP PHOTO / INDRANIL MUKHERJEE

Hyderabad: The city police today arrested six persons and seized Rs one crore in demonetised currency from them.